The Key Players in Global Aircraft Heavy Maintenance Visit (HMV) Market 2016-2020

Wednesday 12 October 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global aircraft heavy maintenance visit (HMV) market: Airbus, Aviation Technical Services (ATS), Boeing, and Lufthansa Technik.

Other Prominent Vendors in the market are: Evergreen Aviation Technologies, Monarch Aircraft Engineering, Ascent Aviation, SR Technics, Singapore Technologies Aerospace, and Zodiac Aerospace.

Commenting on the report, an analyst said: “One of the key trends for market growth will be robotized maintenance assistance reducing cost and man hour. In an aircraft engine, the blades in compressors and turbines experience high stress levels while converting fluid energy into mechanical energy. In the process, the blades are subjected to wear due to vibration, friction, or by erosion from dust and sand particles. Also, sometimes during hard landings large objects collide with the blades. This causes the blade components made of titanium- or nickel-alloy steels to bend or crack, which obstruct the flow of air resulting in higher fuel consumption. Blades are expensive objects and repairing a blade is almost 50% less expensive than acquiring a new one.”

According to the report, rapid development in ultrasonic technique will be a key trend for market growth. Ultrasonic inspection is a sensitive method of nondestructive testing metallic, nonmetallic, magnetic, or nonmagnetic components of aircraft. This technique is widely used for the detection of internal defects in materials. With only single surface accessibility, the ultrasonic test can detect small flaws and estimate the location and size of the defect.

Further, the report states that OEMs have a major role to play in the HMV market. They have the license for the supply of spare parts that cannot be purchased by PMAs. This domination has created a niche market for the MRO service providers or third parties, especially for the engine OEMs. Further, dynamic technology in new aircraft opens new opportunities for the OEMs to penetrate further in the market. In addition, they are augmenting their presence by extending aftermarket services to the end-users. Such moves by the OEMs inevitably challenge the presence of service providers and PMAs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.